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Show THE SALT LAKE TRIBUNE, THURSDAY MORNING, OCTOBER GASOUNE ALLEYIVS A RARE ASSORTMENTS METALS. Foreign SW ..... ..... ....... SSH Fertifs silver .teed (la Hn Yerk) rpet ..... 8.S0ipi.7 (lest St. livery, apefy Spelter Uver Leel 19, 1922. de- $g.B0.B (la I Plant Recently Erected to Treat Virginia Lode Ore ; - Handling 100 Ton Daily. , Th new milling plant of the United Comstock Mine company, which started i operations September 23, IS' now treating about 1000 tons d&Hy, according to refrom Nevada. Although the millca-is-t than half of Us rated t ports treating less parity, It Is handling more than was the handled many milling plants of by ' the Comstock tods during bonanza op' erations. t New methods of the most modem type ", are making possible the treatment of ! millions of tons of ore previously con-- 1 sldered of too low grade for treatment. That which Is now being treated profitably was left by the early miners of the Comstock lode, 1 Adjustments to machinery always coincident with the starting of operations ' in a new mill will soon be completed and then tits mill. It Is said, will be working at Us capacity of 2500 tons daily. Walter I Held, chief metallurgical engineer for the Metals Exploration company, who tleelgned the mill and worked out the process, will stay at Gold Hill to assist, Mill Superintendent Weinlg In adjust-difficulties, tug v Meanwhile, a large fore of men is ' working underground and on the surface, opening up ground that is to be mined by caving. At the Yellow Jacket is assuming mine, the new glory-hol- e large proportions. Ore from the toglory-hol- e the Is dropped through chutes Intermediate level, whence It passes to ore pockets just above the main haulage - tunnel. As the Gold HIM station stands upon a of dump containing many thousands tons of mill ore and all of this area is d or caved, the building to be 'will have to be moved. With further progress of caving operations, the line T. railroad will have to be Of the V. changed. The new grade will cross the ravine below Gold Hill on a new trestle 'about opposite the Belcher mine and connect wKh the present road near the Ward shaft. Borne of the richest ore mined in the dlotrlot waa taken from the Crown Point and Belcher, In mining the bonanza mineral, the early operators left large which can be quantities of methods at a worked with present-da- y profit. Three ore passes, connecting upper mine levels with the haulage tunnel, have been completed, on of these serving as an outlet for ore from the Yellow For the present, the Jacket glory-holgreatest part of the ore will be drawn from the imperial and the Yellow Jacket. The Imperial alone. In which sufficient reserves are blocked out to keep the mill supplied for several years. Is but one of the properties now owned by the United Comstock company, all of which have enormous tonnages of mill orea I Stock Low Priced Firm; Standard . and Kin? Coalition Weaken. .Tintic Activity on tha' Salt lake atock and mining exchange voas unusually restrictAll , lines of. mine Issues ed yesterday. were extremely torpid. The heaviest trader, Alta Tunnel registered tlfe sale of but 3000 shares of stock. Few, If any, price changes were made. Silver King Coalition and Tfntlo Standard made slight declines. Michigan-Uta- h showed material Improvement with , limited trading. Tlntlo Standard, with, a total of 280 OF" sev'27 14 33 , receded clone to a shares, en and a half points under the preceding day's close. Sliver King .Coalition, with 700 shares dealt in. opened at $2.83, Tuesday's close, but declined to $2.8214 on the last sale. . With th exception of Michlgan-Utahs rise to HHV Aka stocks showed little change. Alta Tunnel held firm at Tintic issues, considering the general lethargy, were more active than the Cottonwoods. Ziima traded for 2000 shares around 6 Vic, Plutus at 24c, North Standard at 1 V snd Iron Blossom at 6 Vic. Quotations follow : Low-pric- Bullion shipments from Tonopah In September, reported by the four companies operating mills irr tmti "near- Ahe district, had a value 378,617 iess than the total in August, production totals for the two months having been respectively $642,7122 and $546,105. for the second Following the clean-u- p half of September, bullion shipments were as follows: Tonopah Belmont $93, T ooomvest End Cons, $76,520; Tonopah Extension, $76,000 and Tonopah Mining, $46,000. Shipments for the first half of September were: Belmont, $94,300; West End, $64,285; Tonopah Extension,' and Tonopah Mining, $80,000. Separate totals for the month were; Belmont, $139,806, $187,300; West Aaked, Tonopah Extension, $131,000,End,and Tono$106,000, pah Mining, Reductions in bullion output by three of the leading Tonopah companlee In September were due to various causes, all believed to have only a temporary effect on production. The West End ceased shipping ors to the Tonopah Mining company's plant at Millers and relinquished its lease on the M&cN'amara mill, while Improvements in Its own milling plant were not yet completed. Production.- from the deep levpl ore bodies of the Tonopah Exjenshm was interrupted by flooding of the lower workings while pumps wbre being Installed In the McXane shaft. The Belmont and Tonopah Mining mills received less custom ore than heretofore. Nevada Mining Press. 4c. ed LISTED STOCKS. glory-hole- Bid. Bureau of Mines Trains Large Number of Men Special te Tha Trlljun. LINES IN OLDER Price-Moveme- Down war nt After Professional At- $56,-00- tempt to Bid Up Stocks. NEW YORK, Oct, of - e. Leadville Mines Company Opening Up New Ore Shoot Reports to Salt takers from the Lead-vtll- e Mines company concerning recent development work at the property .near Cerlach, Nev., are to th effect that the ore shoot being opened up on the 00 level shows remarkable promise. Four .feet of excellent ore has been explored feet. This , for a distance ot twenty shoot, developed on the 300 level, Is .wider and richer In mineral content on the 400 level. Prospects 'ore said to be excellent for Supplying the mill to capacity for a considerable length of time. The mill Is now treating forty tons dally satisfactorily. This rate, it Is beUeved, can be maintained ail through the winter. Power facilities at the mine will be .'doubled by the installation of another seventy-fiv- e horsepower engine of the type, similar to the one now In use. A machine shop of improved type and other buildings are being built and the mine is being stocked with provisions and supplies for the winter operations. Preparations are also being made to sink the main shaft "200 feet deeper to a point 00 feet below the tunnel level. , it NEW y; el YORK LISTED STOCKS. tions attitude; . fMersfa. OPENING) 300, at 8c. SALES. S6. Iron Blossom, 1000 at Mich Utah, 1080 it 10c. No. Stand., 1000 at Phi tea, 800 at 24c; 800 at 24e. Prtnen, BOO It 18c. So. X. Con., BOO at 580 at $2 8214. 1000 at Sums, 1000 at . UNLISTED STOCKS Utah Make Sugar. 100 at $3 37V4. le. 6c; $a; 6e. CLOSING RAILROAD BONDS. J A. Bogie A Co.) (Ae Reported bv 4c, 4c. A tv TURPENTINE. SAVANNAH. Ga., Oct. IS. Turpentine, firm, 1591; sales, 74: receipts, 248; shipment.. J22: vtorit, J2.2S3, , Rnvin. firm; astes, HgS; receipts. 835; shipments. 41; stock, 90,823. Quote: B 0, B F, 0 H. I. X, M, B97j 6 27; WO, S8T11; Wff, 8.9.1. The iitw TrS. Park Cite U East Butte Mohawk ve NerTh Butt Nipiastag . . New Cornelia ' . COTTON MARKET. NEW YORK. Oct. future opened atady; October.' ?2.S7c; December. 2S.l5c; January, 22.98c; March, 2S.lc; May, 23 10c; July, 22 52c. , . Cotton future! Ckcd firm; October, 22T7e; 22 60c; December, 23 09c; January. March. 23 05c; May. 22 95c;' July. 22 87c.' cot i on, quiet; .middling, 23 00. , ......... ....... .................. ' NEW YORK FRODBCR, NEW YORK, Oct. 18 Butter, fjrm; creamery. higher than extras, 464$47c'; .creamery extras. 88c; same, firsts, 37043c. Eggs, Irregular; New Jersey hennery whites, locally candled extras. 8486c; same, nneax-rtle- d eitras, ,8283e; state, near by and nearby .western hennery Whites, firsts to extras, 82080c: Incltc coast whites extras, 7880c; SB me. firsts to extra firsts. 6476c. , Cheese, firm. . .Use and. dressed poultry, steady; prices POTATOES. Oet. M. Potatoes, .P.rlOGLE&CO. CHICAGO Oct, 1 wet BltSSftc; 4 ordinary frigerator Grata, Poultry, alive, Utah Coed. low-gra- the future. anoe, Pe cntrates, abort Money. Diftcouct MONEY. LONDON 18. Bar silver, Oct. LONDON, 34 Ad per - three months .billa, 2 bllla, 2 R 16 per rant; 2 716 per rent. G0VEB1TOENT TOLXSTED rOBEIG B0XD8. (Aa Reported by 1. A. Hofle k Co.) Production in September Increases Coal production in the mines of Utah which have railroad shipping facilities for September and for the first nine months of the last four years, was as , follows: Sept. Total 9 mix. 1919 407,152 448,000 459.320 8,14?,006 4,291,460 2,899.095 1922 ..489.220 ' 3.462.690 Th September figures for 1920 were estimated, and are probably too low. The statistics were prepared by Carl A. Alien, etate inspector of mines, working 1930 1921 Tfr, in cooperation with the United geological survey. LONDON WOOL Republic of Haiti States SALES. lk)NDON. Oct, 18, A good selection amounting to 11.634 bates waa offered at the wool auction aalea today. There waa a strong demand for beat medium greasy crossbreds, which are now quoted at 12s 6d. or 20 per cent over the previous eerie. American buyers again secured a quantity of superior greasy merinoes. COFFEE MARKET. NEW YORK, Oct. 18. The market for cofwas fee futnres very quibt today with prieea flnctuating from ,0 03c to 9 06c for March The, general market opened unchanged Gold Bonds. Duo 1952 6 ued with, It, ment ot " the agree- the President of the United States in accordance with a treaty of Sept. 10, 1915. BUTTER MARKET. The tone of the but Oet. CHICAGO, ter market via ateady to firm .todBy. Ktoety two ecore aold quite readily at 44ftc, but it wtfa hunt to --find buyera who would pay a .premium. The moderate eupUee of medium grade found a fsir demand and the undergrade aalea Ninety score care Areraged .eltfhtly higher. of fresh centralised were In light supply and often aold at a premium. Buyera were not much interested in the lower score cars, but prices were well maintained. Storage butter found quite large outlets at. fractional advance. EVAPORATED PETTITS. NEW YOBK, Oct. J8. Evaporated applet, firm; prunes, nominal; apricots steady; peaches, quiet; raisin, alow. for S Years except for the Sinking Flind s Price to yield over 6.26 Circular on request Tbe Rational City Company New Yerk Salt Lake City 602 Deseret Bank Bldg. Telephone Wasatch 6199 a :f7 Four Messages To Investors United States Treasury Bonds The new issue of 4 bonds of the United State Government will be open to holders of 4 Victory Bonds and Treasury Certificate until noon, Saturday, October 21st. Holder of these securities who wish to exchange Jthem may do so through our office, without expense. Cash subscriptions, can ho longer be received. 30-ye- ar An Exceptional Public Utility Bond We have been able to purchase a block of Telluride Power Co. 6 bond?, due in 1938, which have an unusually large margin of security for a public utility obligation. The bonds are a first mortgage on property valued at over four times the debt, and are also a direct obligation of the company, which is one of the ' c concerns in the weft, soundest Mr. L. L. Nunn is president of this company, which is ably managed and has a good earning record extending over fifteen years. At 92.75, yielding K ' these bonds are a splendid investment. A High Grade National Industrial Issue ' ' ' ' , Opportunity is afforded local Investors to subscribe to the new issue of 6 First (closed) Mortgage Bonds of the Hershey Chocolate Co., to be dated November 1, 1922. This is a nationally known company, and the bonds will enjoy a wide market. The mortgage securing the bonds covers all "property and assets of the com pany, valued at more than twice the indebtedness. The offering price is yielding over 20-ye- ar 98, ofrSound Foreign Government 6. . The Kingdom of Norway, through its fiscal agent'in this country, is offering' its 6 sinking fund bonds, payable principal and interest in United States gold.' . The Norwegians are a thrifty, industrious people.' The nation has t an excellent record for meeting all its' obligations and has a high- credit rating. A large Eastern Service Corporation with excellent banting connections, desires to open a4 branch office in Salt Lake Service is obligatory to merchants and professional City. men.. Position is permanent, with exceptional opportunity for substantial earnings. Successful must have cash of Do not $500,00. answer unless outlay you have the necesT financial No calls. Writ? immediately. sary outlay. jphone PRODUCE. Butter, Greta, COW ateady; 25j26e, unchanged. A 28c ; These bonds are offered at par and accrued interest n Wh'lte, cream- 8Sff-- ; eatra firata, 44c; first., ' 40ft42e;- aeconda, MS5c; ntandarda, 40c, Ersa, higher; receipt, 981 cauta; Grata, ery extras,- State Min In returned this week from ft trip through Idaho, Clearwater and Valiev oountie, where he made an inspection of mining properties. He visited mines at Cascade, Pierce, Dewey; Elk City and Ora Grande, findLpg at the latter place one of the in the etate, richest fielda of but little worked because of lnaccessi- - q bility. State Mine Inspector Campbell has now visited every mining section in the state since taking office in 1921. He is familiar with the mineral resources and states that the prospects for great activity in all camps look excellent for - DISTRICT SALES MANAGER 80tr83e cwt. ; Mlnneaota aacked Red River Ohloa No. 1, $1 06121 IB cwt ; Wlacooaln aacked and bndk round whiten. 80r4$l 06 ewt.; 80ft8Be ewt.; North Dakota aacked Red River Ohloa, 1 0501.15 ewt.; South 'Da1.03 ewt. kota aacked Early Ohloa,-$L00- Q CHICAGO, j 20-ye- ar iteady.on Early Ohio: receipt. 121 eara; total United Statea shipment, 148; lltnnraota bulk round whitea, 90c 111 00 ewt ; dark and peely, or we shall be glad to exe- without charge. '( INDUSTRIAL BONDS. (As Reported by J. A. Hogle A To.) Idaho Mine Inspector Visits Remote Districts ham. Bonds ......... Fth cute the orders the shaft and administering artificial respiration without delay. Thus four lives were saved before the bureaus rescue truck could arrive from Birming- t to I points higher; sold to 5 points set higher on the somewhat steadier .showing ,of Brasil and closed net 1 point lower to B point higher; sales were estimated at about 4000 bag. December, 9.18c; January, October, ,9.08c; 9.12c; March. 0.08c; May. 9.00c; July, ,8.83c; Special to Tbe Tribune. September. 8 62c. BOIKE, Idaho, Oct. 18. Spot coffee, quiet; Rio Ta, 10V$e; Santos 4a 15c to 15S4C. epector Stewart Campbell hydro-electri- apot and ................ ...... CHICAGO, Lea Angelas Pocatvlls . . Sup k Boston Sup Copper Tuolumne . ...V..... Utah Ape Utah Coot Metal Shannon fit. Mary South Utah . This exchange may be effected through any bank, v Salt Lake, City Geden - steady; spot, $8.30 6 75. Grater: St. Loota delivery near by, $8 8006 85. Antimony, apot, $8.7567.00. M Old Dominion Pond Creek Shoe Machinery Treasury - 00. IDS DON, Oet. 18. Standard copper, epot, 82 17a 6d; electrolytic, 82 7a 6d; futures, 71 70 10s; futures, apot. 17t 17a 8d. Tin. spot. ,171 2s 6d; future. 2 Ba; futnres 24 6. Lead, apot, 33 7s 81. 84 7s futures, 6d; Zinc, spot, Lake Copper Mason Talley ... Mass Con Michigan Copper bonds have been oversubscribed three times and the books are closed for cash subscriptions. Howe ver, holders of Victory bonds are allowed the pnlvtlege of exchanging them for the new hondk up until Saturday, October 21, Lead,7.tne, Ah meek . . , Ari Cocal Bingham Mines Cal it An 4. a Cal it Heel ... Copper Rang . Kerr.Lak Uictory Holes $26000 28 .... .... Adventure Darla DaJy ... Hancock Inland Creek do preferred 11 Royal To Holders of at $3.17. BOSTON COPPER CLOSE. Reported by J. A. Bogle A Co.) Selft ws needed for the No explanation weakness in the marks, but the day's decline was somewhat noteworthy because when the cables occurring at the moment were reporting the not very clear proto Issue Berlin of the government posal currency. Some"a gold Interest-hearin- g In terms is inthing of contradiction volved In such a description. The meager would not seem to particulars of today indicate anything more than a contrivance enable German business men to to hedge' on future transactions, against an expected further decline in the paper mark. METAL MARKET. NEW YORK. Oct. Iff Popper, easier; apot and near by, 13T14e; futnres, Ike. Tin, firm; apot and. futures, $34 73. 1 Iron,--easy- ; .No. northern, $33 000 34 00; No. 2 northern, $31.00032.00, No. 2 aouthern, SALES. Alta Tuna., 8000 at Kur. Bull,, 00 at hitch. Utah, 600 at Hike. Prince. 1000 at 18c. Tintic Std., IOO at 83.20; 100 WASHINGTON, Oct. IS. During the fiscal year recently ended a total of persona associated with the mineral Industries were trained1 In mine rescue first-aid or work by the United States bureau of mines. This number was a marked Increase over that trained during the preceding year and was the largest number trained in any fiscal year since tbe bureau of mines began . this 'Work. During the last three months of the fiscal year, a suspension of mining operations was effective In the majority of coal mining districts of .the country, and this condition interfered to some extent with training. On the other hand, this condition afforded an- - opportunity for the personnel of some of the rescue cars and safety stations to concentrate their attention on training in the oil fields, and in other fields allied with the mineral industries of the country. Coal miners previously trained In first-ai- d and mine-rescmethods by the United States bureau of mines recently rescued four men who had been overcome by black damp at Townley, Ala. The trained men acted promptly and efficiently in getting the victims from 16,-2- prices onthe stock exohangs today was reactionary, after an early and not very successful professional attempt to bid. up Values slipped off speouta.tl.vs stocks. a fraction In th bond market also, Libert)' bonds losing ground along with others. The tendency to reaction extended in the later bows, even to the grain market, where wheat and corn both ended below Tuesdays closing prices, although not until corn bad reached very much the highest figure of the present crop and wheat the highest since the middle of July nearly is cents a bushel above Sep4 tember's low price. NEW YORK CURB MARKET. The rough application of the familiar NEW YORK, Oct. ,18. Trau.aetton on to the early stock arm" methods "strong New York curb market today were a. fob market advanced some of the specuIona: with lative shares violence, the exINDUSTRIALS. which had tremely transparent tactics been employed with Mexican Petroleum used the day befote being again In several Industrial stocks But this demonstration, although accompanied by the usual Wall street rumors," seemed to serve principally eo attract new selling. Before the day was'over almost the entire list had fallen below. Tuesday's prices, with many declines of appoint or more. Bonds also lost ground, though more slow-lLiberty bonds in most cases went a x fraction lower. The exception to the days general movement was sterling exchange, which rose 214 to 4.47 and closed 1 above Tuesday's closing. an But sterling was exception even to the day's general movement of foreign Francs, for; instance, went exchange. below the previous lowest price of the and the German mark again touched year of a cent, the bottom .314 figure of the season, reached first on l.NDKl'SNDENT MIA The weakness in week. of last Tuesday French exchange, like the day's decline in French public bonds on our stock exchange, was ascribed by Wall street (and probably rightly) to the effect of Secrespeech on Monday on the tary- Hoover to our treasury. Mr. foreign debts Hoovers figures used to prove the capacity of our recent continental allies to effect pavmcnt on exchange through using the credits established by loans raised in America and by American tourists' expenditures were not convincing to the In particular, his financial community. assumption that $1,600,000,000 had been thus created was regarded with great skepticism and Mr Hoover himself admitted that the surplus credits thus created had been probably used to readjust preBut such efrect vious private debts. as the speech had on the market arose less from its Statistical calculations than of the administrafrom its indication ' low-gra- semi-Dies- Tonopah Mine Production for September Decreases Address Mr. mla.vllone-mi- ; J J. A.LStevensonHotcl-Jtah- r Salt-Lake-Cit- Complete . Information regarding these or bonds will be furnished on request other-high-grad-e PALMER Co. Bond Mortgage Walker Bank Building Phone Waeatch Only Sound Investments 5888 a--v y, Utah. i1 |